Bitcoin (BTC) Price: U.S.-Iran Conflic BTC to $76K - But Strategy Just Bought the Dip

TLDR

• Bitcoin dropped to $76,762 as U.S. forces launched strikes against Iranian targets
• Ethereum fell below $2,400, with $115 million in long positions liquidated in one hour
• Brent crude neared $93 per barrel amid Strait of Hormuz supply concerns
• The S&P 500 hit its lowest level since August 4, while U.S. Treasury yields rose
• Strategy bought 4,603 BTC for $368.7 million, its first purchase in two months

Bitcoin fell sharply on Tuesday as U.S. military forces launched strikes against Islamic Revolutionary Guard Corps (IRGC) targets in Iran. The price dropped to $76,762, falling below both the $78,000 and $77,000 levels within hours.

U.S. Central Command confirmed operations began at 12 p.m. ET on Tuesday. The strikes targeted IRGC positions and were linked to minelaying activity near the Strait of Hormuz.

Iranian state media reported explosions on Qeshm Island, in Bandar Abbas, and in Chabahar. The IRGC said the U.S. “will regret its new attacks,” according to Iran’s Fars news agency.

… Continue reading the full article at the original source below.